Tier-1 Bank Account Opening For High-Risk Forex Brokerages Service Launched

This development is in line with the company’s mission to provide robust financial solutions to clients underserved by the mainstream banking industry. Its partner banks are a mix of both brick-and-mortar and digital banks, giving customers the flexibility they need.

More information about SAXE Global is available at https://www.saxe-global.com/banking

SAXE Global facilitates the account opening process, collating the documents needed and filing them on the client’s behalf. This grants business owners access to dedicated international bank account numbers (IBANs), which enable timely cross-border transactions.

VITAL YET RISKY

As the consulting agency notes, the foreign exchange industry is the foundation upon which the global economy stands. However, this sector carries higher-than-average risk due to the fluctuating values of currencies and the fact that forex businesses are often heavily leveraged.

These reasons give standard banks pause when catering to such companies. SAXE Global recognizes this gap and seeks to bridge it with its banking services for high-risk ventures.

NO PRESENCE NEEDED

Given the inherently global nature of foreign exchange transactions, SAXE Global understands that entrepreneurs may not be able to personally make an appearance when opening accounts. To compensate, the consultancy utilizes a comprehensive “Know Your Client” protocol to gather relevant information needed for the account opening. A dedicated client manager will be assigned to assist business owners from start to finish, creating a seamless experience.

TRUSTED INTERNATIONAL BANKS

All banking partners offered by SAXE Global are duly regulated in their respective countries. Clients can choose from international banks located in the UK, Lithuania, Switzerland, Mauritius, Luxembourg, and Liechtenstein. Among the Tier-1 institutions the consulting firm works with are BNP Paribas, J.P. Morgan, and Barclays.

Mark Walsh, Head of Advisory, emphasized the importance of inclusion in global banking: “Forex companies deserve the same care and attention as other corporate clients. That’s why we offer banking partners that look beyond the risk inherent in this industry to provide world-class services at a global scale. We look forward to connecting you to these institutions so you can further grow your enterprise.”

For further details about SAXE Global’s suite of services, prospective clients may visit https://www.saxe-global.com/banking

SAXE Global LTD

13 Hanover Square, Mayfair

COMTEX_439158946/2764/2023-08-28T12:53:06